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Australian authorities seek data from crypto exchanges to curb tax evasion

Ayush Pande
Written by:
Ayush Pande
Reviewed by:
Ayush Pande
Australian authorities seek data from crypto exchanges to curb tax evasion
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Cryptocurrencies can be volatile and high risk. Though our articles are for informational purposes only, they are written in accordance with the latest guidelines from tax agencies around the world and reviewed by certified tax professionals before publication. Learn more about our Risk Warning and Our Editorial Process.

In a bid to combat tax evasion, Australia’s Tax Office has demanded personal data and transaction details from crypto exchanges.

Last month, the ATO voiced its intention to gather data from cryptocurrency exchanges to identify traders who may have failed to report their crypto-related activities. As reported by Reuters, the officials have set their sights on obtaining information from 1.2 million crypto trading accounts to track potential tax dodgers.



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The ATO is particularly interested in transactions where digital assets are exchanged for fiat currency or used in purchasing goods and services. While highlighting the genuine lack of awareness among traders regarding their tax obligations, the ATO noted that the potential for anonymity and the use of false information in crypto transactions make them attractive avenues for tax evasion.

As part of its data collection efforts, the ATO is looking for a range of personal information, including dates of birth, social media accounts, phone numbers, and other user details.

It is worth noting that Australia treats cryptocurrencies as assets for tax purposes rather than foreign currency. As such, investors are subject to capital gains tax on profits generated from the sale of digital assets and trades.

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All Bitcompare articles go through a rigorous review process before publication. Learn more about our Risk Warning and the Bitcompare Editorial Process.

Australian authorities seek data from crypto exchanges to curb tax evasion

In a bid to combat tax evasion, Australia’s Tax Office has demanded personal data and transaction details from crypto exchanges.
Dot
May 19, 2025
Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

TABLE OF CONTENTS
Photo Source: Joey Csunyo (Unsplash)

In a bid to combat tax evasion, Australia’s Tax Office has demanded personal data and transaction details from crypto exchanges.

Last month, the ATO voiced its intention to gather data from cryptocurrency exchanges to identify traders who may have failed to report their crypto-related activities. As reported by Reuters, the officials have set their sights on obtaining information from 1.2 million crypto trading accounts to track potential tax dodgers.



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


The ATO is particularly interested in transactions where digital assets are exchanged for fiat currency or used in purchasing goods and services. While highlighting the genuine lack of awareness among traders regarding their tax obligations, the ATO noted that the potential for anonymity and the use of false information in crypto transactions make them attractive avenues for tax evasion.

As part of its data collection efforts, the ATO is looking for a range of personal information, including dates of birth, social media accounts, phone numbers, and other user details.

It is worth noting that Australia treats cryptocurrencies as assets for tax purposes rather than foreign currency. As such, investors are subject to capital gains tax on profits generated from the sale of digital assets and trades.

Australian authorities seek data from crypto exchanges to curb tax evasion

HomeCrypto regulation
Contents
Photo Source: Joey Csunyo (Unsplash)

In a bid to combat tax evasion, Australia’s Tax Office has demanded personal data and transaction details from crypto exchanges.

Last month, the ATO voiced its intention to gather data from cryptocurrency exchanges to identify traders who may have failed to report their crypto-related activities. As reported by Reuters, the officials have set their sights on obtaining information from 1.2 million crypto trading accounts to track potential tax dodgers.



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


The ATO is particularly interested in transactions where digital assets are exchanged for fiat currency or used in purchasing goods and services. While highlighting the genuine lack of awareness among traders regarding their tax obligations, the ATO noted that the potential for anonymity and the use of false information in crypto transactions make them attractive avenues for tax evasion.

As part of its data collection efforts, the ATO is looking for a range of personal information, including dates of birth, social media accounts, phone numbers, and other user details.

It is worth noting that Australia treats cryptocurrencies as assets for tax purposes rather than foreign currency. As such, investors are subject to capital gains tax on profits generated from the sale of digital assets and trades.

Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

In a bid to combat tax evasion, Australia’s Tax Office has demanded personal data and transaction details from crypto exchanges.

Last month, the ATO voiced its intention to gather data from cryptocurrency exchanges to identify traders who may have failed to report their crypto-related activities. As reported by Reuters, the officials have set their sights on obtaining information from 1.2 million crypto trading accounts to track potential tax dodgers.



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


The ATO is particularly interested in transactions where digital assets are exchanged for fiat currency or used in purchasing goods and services. While highlighting the genuine lack of awareness among traders regarding their tax obligations, the ATO noted that the potential for anonymity and the use of false information in crypto transactions make them attractive avenues for tax evasion.

As part of its data collection efforts, the ATO is looking for a range of personal information, including dates of birth, social media accounts, phone numbers, and other user details.

It is worth noting that Australia treats cryptocurrencies as assets for tax purposes rather than foreign currency. As such, investors are subject to capital gains tax on profits generated from the sale of digital assets and trades.

Written by
Ayush Pande